24 deals: UK's Natter $23M HR AI, Firmus $505M data center unicorn,
Eclipse $1.3B physical world fund, Patlytics $40M patent tech
💰 24 new AI deals profiled below by category.
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🇬🇧 Natter raises $23M to replace employee surveys with AI video interviews - led by Renegade Partners.
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🏗️ Firmus $505M led by Coatue, at $5.5B valuation, for energy-efficient AI data centers in Australia.
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💰 Eclipse Ventures $1.3B - its largest fund - for hardware, infrastructure, & AI startups.
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📋 Patlytics $40M to manage the full patent lifecycle with AI, led by Signalfire.
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🏦 Modus Audit raises $85M to build first AI-native audit platform, founded in 2025.
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🇬🇧 London's Milltech €51M from Apax Digital at €277M valuation for FX hedging & cash platform.
Curated by Nick Gregg, adviser, investor, operator - connect or reply to this
email.
2800 AI companies now in market map -
categorised + searchable for deals, jobs or investors.
Market Map Directory here.
🔥
3
Major · 💪
5
Mid · 🚀
16
Smaller ·
24 deals
Featured Deal
Natter
🇬🇧
$23M
Natter, a
conversation
intelligence
startup, has
raised $23 million
in funding to
replace
traditional
surveys and focus
groups with AI
video interviews
for gathering
employee insights.
The funding round
was led by
Renegade Partners
and included
participation from
Kindred Capital,
Costanoa Ventures,
Rackhouse
Ventures, Village
Global, and
Asymmetric Capital
Partners.
Investors:
Renegade Partners,
Kindred Capital,
Costanoa Ventures,
Rackhouse
Ventures, Village
Global, Asymmetric
Capital Partners
$1.3B
Eclipse Ventures,
based in Palo
Alto, has raised
$1.3 billion to
focus on
innovation in the
physical world.
This includes a
$591 million fund
for early-stage
investments and a
larger fund for
later-stage
companies, marking
its largest raise
to date. The firm
aims to support
startups in
hardware,
infrastructure,
and AI systems,
helping them
transition from
prototype to
production. Key
investors are not
specified, but the
fund's timing
reflects a shift
in venture capital
interest towards
physical sectors
due to
geopolitical and
manufacturing
trends.
AI Hosting Infrastructure
Apstra
🇺🇸
$125M
Mansour Karam, a seasoned
founder who previously
sold his networking
startup Apstra to Juniper
Networks for approximately
$190 million, has raised
$125 million to address
challenges in AI
infrastructure. This
funding aims to further
develop innovative
solutions in the tech...
AI Model Ecosystems
Undisclosed
Accenture has acquired
Keepler Data Tech to
enhance its AI solutions
for clients in Spain and
beyond. This acquisition
is part of Accenture's
strategy to invest in AI,
following several others
aimed at expanding its
capabilities. Keepler,
founded in 2018,...
AI Research
Golden Owl
🇪🇸
$1.512M
Golden Owl, a deeptech
startup based in Alicante,
has raised €1.4 million in
seed funding to enhance
its anticipatory
intelligence operating
system, which identifies
complex patterns in
various environments. The
funding round was led by
First Drop, with support
from...
Investors: First Drop,
ENISA, CDTI
Accounting
$85M
Modus Audit Inc., an
artificial
intelligence-native audit
technology startup, has
raised $85 million in
funding to enhance product
development and support
partnerships with
audit-first accounting
firms. Founded in 2025,
the company aims to
empower AI-native
accounting firms by
integrating AI...
Customer Support
Handhold
🇪🇪
$3.24M
Handhold, an AI-agent
platform that converts
website visitors into
customers without sales
reps, has raised €3
million in seed funding
led by Entourage Capital,
with participation from
Inovia Capital and E2VC.
The platform automates the
inbound customer journey,
addressing gaps...
Investors: Entourage
Capital, Inovia Capital,
E2VC
Defense & Security
Airhub
🇳🇱
$4.752M
Airhub, a Dutch drone
operations software
company, has raised €4.4
million in a Series A
funding round led by Keen
Venture Partners and
Runway FBU, alongside
existing investors Lumaux
and Lumo Labs. The funding
will accelerate its growth
as a...
Investors: Keen Venture
Partners, Runway FBU,
Lumaux, Lumo Labs
Energy
Firmus
🇦🇺
$505M
Firmus, a Singapore-based
AI data center provider,
has raised $505 million
led by Coatue, achieving a
$5.5 billion valuation.
This funding contributes
to a total of $1.35
billion raised in six
months. Firmus is
developing
energy-efficient data
centers in Australia...
Investors: Coatue
Financial Services &
Wealth Management
Milltech
🇬🇧
$55.08M
Milltech, a London-based
platform specializing in
FX hedging and cash
investment solutions, has
secured a €51 million ($60
million) minority
investment from Apax
Digital Funds, valuing the
company at €277 million
($325 million). Founded in
2019, Milltech addresses
the challenges...
Investors: Apax Digital
Funds
General Enterprise
Workflows
Intecrowd
🇺🇸
Undisclosed
Intecrowd, a global
workday services partner,
was advised by Clearsight
in its acquisition by UST,
a technology
transformation firm. This
deal enhances Intecrowd's
ability to provide
AI-driven solutions and
enterprise transformation
services. The combination
aims to deliver faster
deployments and...
Argano
🇺🇸
Undisclosed
Argano has acquired
American Process
Management (APM), a
management consulting firm
specializing in project
controls for large
enterprises. This
acquisition is part of
Argano's transformational
growth program, enhancing
its advisory platform for
managing complex capital
initiatives. APM's
expertise in execution...
Investors: Bass, Berry
& Sims PLC, Ernst
& Young
HR
Natter
🇬🇧
$23M
Natter, a conversation
intelligence startup, has
raised $23 million in
funding to replace
traditional surveys and
focus groups with AI video
interviews for gathering
employee insights. The
funding round was led by
Renegade Partners and
included participation
from Kindred Capital,...
Investors: Renegade
Partners, Kindred Capital,
Costanoa Ventures,
Rackhouse Ventures,
Village Global, Asymmetric
Capital Partners
Health
Neuroclues
🇫🇷
$10.8M
Neuroclues, a
French-Belgian medtech
startup, has raised €10
million in a Series A
funding round, increasing
its total funding to €25
million. The round was led
by Teampact Ventures,
White Fund, and the EIC
Fund, addressing the
challenge of
neurodegenerative...
Investors: Teampact
Ventures, White Fund, EIC
Fund
Industrials
Treon
🇫🇮
$7.344M
Treon has secured €6.8
million in funding as part
of a Series A extension,
led by Acme Capital. This
investment aims to
accelerate the development
of Treon's industrial AI
platform, enhancing its
capabilities as an
intelligence layer for
factories, logistics...
Investors: Acme Capital
Edmund
🌍
$2.7M
Czech startup edmund has
raised €2.5 million to
enhance its AI-powered
debugging platform for
industrial maintenance.
The funding round was led
by forward.one, with
contributions from
university2ventures and
tensor ventures. Founded
in 2023, edmund addresses
challenges in
manufacturing by
helping...
Investors: forward.one,
university2ventures,
tensor ventures
Legal & Regulatory
Patlytics
🇺🇸
$40M
Patlytics, an AI platform
designed for managing the
full patent lifecycle, has
secured $40 million in a
Series B funding round led
by Signalfire, with
additional investments
from n47, Myriad Venture
Partners, Relativity,
Alumni Ventures,
Antiportfolio Ventures,
and Bam Corner...
Investors:
Signalfire,n47,Myriad
Venture
Partners,Relativity,Alumni
Ventures,Antiportfolio
Ventures,Bam Corner Point
New Venture Capital Funds
$1.3B
Eclipse Ventures, based in
Palo Alto, has raised $1.3
billion to focus on
innovation in the physical
world. This includes a
$591 million fund for
early-stage investments
and a larger fund for
later-stage companies,
marking its largest raise
to date....
Bondstone
🇵🇹
$54M
Bondstone Ventures, a new
venture capital arm of the
private equity firm
Bondstone based in Lisbon,
has launched its first
fund, Maxwell Technologies
I, targeting €50 million
for investments in
early-stage deeptech
startups across Europe.
The fund aims to
support...
Other AI Category
Flink
🇩🇪
$6M
Exclusive: Flink founder
raises $6M from
Speedinvest to put an AI
agent in charge of the
cloud bill
Investors: Speedinvest
Conxai
🇩🇪
$5.4M
Conxai, a German startup
founded in 2012, has
secured €5 million in
funding led by BayBG
Venture Capital and
Capricorn Partners. The
company offers the first
no-code AI platform for
the architecture,
engineering, and
construction industries,
addressing the issue of...
Investors: BayBG Venture
Capital, Capricorn
Partners, Pi Labs,
Earlybird
Payments
Inxy
🇵🇱
$7M
Inxy has raised $4 million
in a funding round led by
Flashpoint, bringing its
total seed funding to $7
million. The capital will
be used to expand product
offerings and scale its
presence in international
markets. Inxy's platform
facilitates
cross-border...
Investors: Flashpoint
Productivity &
Personal Assistants
Canva
🇦🇺
Undisclosed
Canva has acquired
Simtheory and Ortto to
enhance its AI and
marketing infrastructure,
aiming to create a more
integrated system for
content and campaign
management. Simtheory
specializes in AI-powered
collaboration and workflow
orchestration, while Ortto
offers a customer data
platform...
Sales and Marketing
Pomo
🇸🇬
$4.5M
Pomo, an AI-powered
marketing intelligence
platform, has raised $4.5
million in seed funding to
enhance its
decision-making technology
for marketing teams. The
funding round was led by
Kindred Ventures, with
participation from
Databricks Ventures, Seven
Stars, SV Angel, Timeless
Partners,...
Investors: Kindred
Ventures, Databricks
Ventures, Seven Stars, SV
Angel, Timeless Partners,
645 Ventures, Scott
Belsky, Mehdi Ghissassi
Zellor
🇮🇪
$0.000918M
Dublin-based start-up
Zellor has raised €850,000
in its first external
funding round to enhance
its AI shopping assistant,
which acts as a digital
concierge for e-commerce.
The funding, backed by
Enterprise Ireland and
strategic Irish investors,
will support Zellor's
international...
Investors: Enterprise
Ireland
Software Development
Corestack
🇺🇸
Undisclosed
Corestack, Inc., a leader
in AI-powered cloud
governance, has acquired
BetterCloud SaaS
Management Holdings LLC,
enhancing its capabilities
in cloud infrastructure
and SaaS management. This
strategic acquisition
creates the industry's
first agentic governance
operating system,
addressing the need for
unified...
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